The pound – euro (GBP\/EUR) exchange rate rose 0.75% last week to settle on Friday at \u20ac1.2075.<\/p>\n
The pound rose after UK retail sales rose 1.7% MoM in January, up from -0.6% decline in December and ahead of the 0.5% that economists forecast.<\/p>\n
This marked the fastest jump in sales since May last year. While food sales rose sharply, other sectors saw sales decrease.<\/p>\n
The euro fell on Friday after eurozone composite PMI data remained unchanged at 50.2 in February. Manufacturing contracted at a slower pace and services grew at a slower pace.<\/p>\n
The consumer remains cautious and cost pressures ticked higher.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound – euro (GBP\/EUR) exchange rate rose 0.75% last week to settle on Friday at \u20ac1.2075. The pound rose after UK retail sales rose 1.7% MoM in January, up from -0.6% decline in December and ahead of the 0.5% that economists forecast. This marked the fastest jump in sales since May last year. While […]<\/p>\n","protected":false},"author":163946598,"featured_media":5328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379],"tags":[1395,2649,1394,2410],"class_list":["post-118926","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gbp","tag-eur","tag-eur-gbp","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n